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Feb Flash Inflation Outpaces Expectations to Upside

SPAIN DATA
MNI (London)

FLASH HICP FEB +0.7% M/M, +7.5% Y/Y; JAN +6.5%r Y/Y

FLASH CPI FEB +0.6% M/M, +7.4% Y/Y; JAN +6.1% Y/Y

  • The flash print for February sees inflation climb further to a fresh all-time high for Spain.
  • HICP climbed one point to +7.5% y/y in February, up one point from January (revised up by 0.3% to +6.5% y/y) beating the forecast of +7.0% y/y by half a point.
  • On the month, harmonised inflation climbed +0.7% m/m, 0.3% higher than the consensus expectation.

Source: INE

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